Vogue Paris editor Carine Roitfeld, who has helmed the magazine for a decade, just announced she's stepping down from her position to attend to "personal projects." This is major! The entire fashion world wants mommy! *whimper* [WWD]

"I think it's time to do something different," said Roitfeld to Cathy Horyn. "I had so much freedom to do everything I wanted. I think I did a good job." Roitfeld intends to oversee issues through March. After which, she says, "I have no plan at all." [On The Runway]

Jerry Hall decided to become a model while high on LSD. "A boy gave me a quarter of a tab. I didn't know what it was! I actually had never taken drugs and was very nervous. And I never did take drugs [afterwards] ever, ever. But I locked myself in the bathroom and spent the whole night staring in the mirror, going, 'Oh, my God'. All of a sudden, I thought, 'Wow!'" [DS]

Designer Billy Reid, on business growth: "Definitely a slow approach can limit you, but it allows you time to learn from your mistakes. Holding onto your money for dear life is the most important thing. If you have to make your own labels to save money, then do it. You just have to gut it out." Reid won $300,000 from the Council of Fashion Designers of America/Vogue Fund awards. [On The Runway]

Super-expensive but kind of fuddy-duddy Italian luxury brand Loro Piana is using fabric spun from the lotus flower, according to today's Women's Wear Daily. And, um, also according to this six-week-old Wall Street Journal article. Did we step into a timewarp? [WWD]

Some "sources" believe the fact that Vladimir Putin allowed his protégée and rumored mistress, 27-year-old ex-rhythmic gymnast Alina Kabayeva, to be on the cover of Russian Vogue is a sign that the Russian prime minister is preparing to go public with the relationship. [P6]

The makers of the Brazilian Blowout salon relaxer filed a lawsuit against OSHA in Oregon, which first identified that the product, marketed as "formaldehyde-free," in fact contained dangerous levels of the chemical. Brazilian Blowout wants an injunction that would prevent OSHA from reporting the results of its tests, going forward. [WWD]

Perhaps someone you know might appreciate a copy of the new book Fashion Drawing In Vogue for the holidays? Included are copies of René Gruau's and Salvador Dali's work for Vogue. David Hockney wrote the introduction. [Vogue UK]

Rappers rejoice: The Federal Trade Commission found that jewelers were marketing platinum alloys as "platinum" tout court, and short-changing consumers. So now, if a piece of jewelry is actually only 50% to 85% platinum, jewelers must disclose "the composition of the item using the full names of the alloys and metals used, not abbreviations. In addition, marketers must make it clear to consumers that the product may not have the same qualities as a product made entirely of platinum." [WWD]